Meghalaya saw a 19 per cent increase of GST revenue collection in October this year.
This was revealed in the latest report by the Union Finance Ministry which was made public recently.
According to the report, Meghalaya collected Rs 140 crore in October 2021 as compared to Rs 117 crore in October 2020.
Of the eight North East states, Sikkim had the highest GST revenue collection for October this year at Rs 257 crore which was 45 per cent higher from the collection in October 2020 which was Rs 177 crore.
Assam’s GST revenue collection for October this year was Rs 1425 crore which is 40 per cent higher than October 2020 which was Rs 1017 crore.
The GST collection by Manipur for October 2021 was Rs 64 crore. This is a 49 per cent growth from the collection in October 2020 which was Rs 43 crore.
Nagaland’s GST collection for October 2021 was Rs 38 crore. This is 30 per cent higher from the October 2020 collection which was Rs 30 crore.
Tripura also collected GST revenue of Rs 67 crore in October 2021 as compared to Rs 57 crore in October 2020. This shows a growth of 17 per cent.
Mizoram’s collection of GST revenue rose by just one per cent in October 2021 at Rs 32 crore as compared to Rs 32 crore in October 2020.
The only state in the North East which saw a decline in GST collection was Arunachal Pradesh. The state collected only Rs 47 crore in October 2021 which was a decline of 52 percent from the collection in October 2020 which was Rs 98 crore.
All over the country, the gross GST revenue collected in the month of October 2021 is Rs 1,30,127 crore of which CGST is Rs 23,861 crore, SGST is Rs 30,421 crore, IGST is Rs 67,361 crore (including Rs 32,998 crore collected on import of goods) and Cess is Rs 8,484 crore (including Rs 699 crore collected on import of goods).
The central government has settled Rs 27,310 crore to CGST and Rs 22,394 crore to SGST from IGST as regular settlement. The total revenue of Centre and the states after regular settlements in the month of October 2021 is Rs 51171 crore for CGST and Rs 52,815 crore for the SGST.
The revenues for the month of October 2021 are 24 per cent higher than the GST revenues in the same month last year and 36 per cent over 2019-20.
During the month, revenues from import of goods were 39 per cent higher and the revenues from domestic transactions (including import of services) were 19 per cent higher than the revenues from these sources during the same month last year.
The GST revenues for October have been the second highest ever since introduction of GST, second only to that in April 2021, which related to year-end revenues. This is very much in line with the trend in economic recovery.
The Finance Ministry said that this is also evident from the trend in the e-way bills generated every month since the second wave.
Further, the Finance Ministry said that the revenues have also been aided due to the efforts of the State and Central tax administration resulting in increased compliance over previous months. In addition to action against individual tax evaders, this has been a result of the multipronged approach followed by the GST Council.
On one hand, various measures have been taken to ease compliance like nil filing through SMS, enabling Quarterly Return Monthly Payment (QRMP) system and auto-population of return.
During the past one year, GSTN has augmented the system capacity considerably to improve user experience. On the other hand, the GST Council has also taken various steps to discourage non-compliant behaviour, like blocking of e-way bills for non-filing of returns, system-based suspension of registration of taxpayers who have failed to file six returns in a row and blocking of credit for return defaulters.
